
Binance hack triggers drop in BNB of over 8%: what is happening with the exchange
A major security incident at Binance—with potential damages estimated at approximately $6.3 billion—has led to the freezing of about $3 billion in crypto assets and the temporary suspension of operations on both the global platform and its Thai subsidiary, Binance TH. Although the company has stated that client funds are secure and that it is prepared to cover any losses, the full extent of the potential damage has yet to be determined. Meanwhile, the situation has already exerted pressure on the cryptocurrency market, particularly on BNB, which has fallen by more than 8% over the past 24 hours.








